Shell said on 6 October it underwent a reversal of fortunes during the third quarter, following its strong results for the preceding period. Margins fell at its Chemicals and Products segment, and it expects to see a lower trading result at its Integrated Gas division even though production remained robust. In a trading statement ahead of its results on 27 October, Shell said its Chemicals and Products division’s indicative refn-ing margin dropped to $15/bl in the June-September period, almost half that of the $28/bl it reported for April-June but still well ahead of the $10.23/bl recorded for the frst quarter.
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